Business, Freelance, Tips

How joining a mastermind can help you succeed

Katrin Press
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5 min read

Joining a mastermind can be your best business move. And because your business and life are interrelated, improving one will affect the other.

One of the hard parts of being a solo entrepreneur is the psychological weight of being the key decision-maker. Every decision and metric depends on you. Figuring out how to organize your time, stay accountable, and make everything happen without losing your mind is a real challenge. Not having people to talk to and bounce ideas around with can be one of the hardest parts of running your own business.

I heard about masterminds in a podcast as something that actually helps high achieving people grow. I needed a solution for myself, because founding a startup while running my photography business and having two young kids isn’t easy. I’ve changed my focus from photography to startup business and I need new people to bounce ideas with.

I immediately liked the idea, because it’s small, intimate, personal, based on trust, carefully planned, needs discipline to work – all the conditions for something to actually create value and suitable for introverts as well.

What is a mastermind?

A mastermind is, in simplest terms, a group of people coming together regularly who are dedicated to mutual growth and improvement. We know that being around hungry, driven people inspires us to improve and that it can be hard to scale in isolation.

Getting advice from peers on how they overcame the exact problems and frustrations you’re facing will fast track your results.

Convinced you already? Here’s a link to join.

The idea of coming together in a small, focused group to learn from each other isn’t new. In 1727, Benjamin Franklin created a Junto, or a “club for mutual improvement” in Philadelphia. And in 1925, Napolean Hill coined the idea of a “Master Mind” in his book, The Law of Success. In studying the habits of successful businessmen in the 19th and 20th centuries, he realized that they had formed partnerships and groups to come together to learn, which was one of the keys to their success.

What are the benefits?

  • Regular connection. Having a place to show up is crucial to avoid the PJs covered in crumbs downfall of working from home.
  • Accountability. Your fellow group members hold you accountable to goals you set. In addition, just knowing that you have a regularly scheduled meeting internally drives you to make progress. You don’t want to be the only person reporting back that you haven’t made an effort to move the projects forward.
  • Networks beyond your own to tap into. Everyone in your group will have access to a different skill set and network of people. When asking for help in your mastermind, these resources help you make progress in ways you never could by yourself.
  • A trusted circle of colleagues to help you make decisions.
  • A chance to learn from other businesses and leaders. Hearing the different views your fellow mastermind participants have allows you to see issues you wouldn’t otherwise become aware of – in your life, and in your approach to your goals.  Whether you agree with their assessment or not, it gives you another perspective.
  • A confidential space to discuss challenges and problems.
  • A laboratory to learn and experiment.
  • A reflection of your own wisdom and expertise as you help others.
  • And potentially long-term friendships and connections.

One thing that will always matter, regardless of what business or industry you’re in, is who you’re connected to. Our access to networks and the value of our weak ties are some of the greatest predictors of our future success.

Yet time and time again people invest in courses or materials, but not in connections with other people.

Uncertainty and frustration in any entrepreneurial journey are the markers of growth, not failure — and having a community around us to witness our growth and struggle can make all the difference. And, during the hard times, it can help you keep your chin up and persevere.

How masterminds are structured

Generally, mastermind groups are either focused on each individual’s success, or on a larger collective task that everyone is invested in solving. The main principle to follow is mutual benefit. Members of the same group should have a related subject field, similar interests or goals.

Often, there is a facilitator or guide to take you through a process, and you cluster around a common topic or journey.

The reasonable group size is 5-6 people. More than 8 people, and scheduling becomes a nightmare; fewer than 4 people, and you don’t have enough people in the room to get at your puzzle or project with enough perspectives.

The groups meet for a specific period of time agreed in advance, for 6 months or up to a year, with regular events to check in on a consistent basis.

Klapp helps you find your mastermind group

  • We’ll find the people for you. Klapp brings together growth oriented entrepreneurs and matches them into well-fitted support groups.
  • We will give you the reach and the scope of people that is difficult to achieve on your own.
  • We will have high achievers and top experts in our network.
  • We will schedule and facilitate the first group call to get you acquainted comfortably and your meetings running smoothly.
  • We will share the mastermind best practices, ideas for you to discuss in the groups and answer your questions.

All you have to do is sign up and fill in the form.

You will be introduced to 4-7 new interesting people that are committed to succeed like yourself.

You will have regular online meetings with your group for 6 months.

Your investment into your new growth network is only 65€.

And we have a money back guarantee if you don’t like it.

The process

  1. Fill in the application.
    We will ask the minimum amount of information necessary for assembling good quality mastermind groups. The questions will be about your employment status, subject field, main skills, work experience, location and time zone as well as about the goals you’re willing to accomplish in a mastermind group.
  2. Receive a letter from Klapp with the payment details to transfer the one time service fee of 65€.
  3. Once the payment has been made, you’ll receive a confirmation that your application has been submitted and the matching procedure has been initiated.
  4. Within 7 days you’ll receive an e-mail stating whether you have been successfully matched with your new peers or we’ll need more time to find you a suitable group.
  5. In case we have found you peers, you will receive information about your first mastermind group meeting facilitated by Klapp (the date and the video call link).
  6. We will keep you on a waiting list until you’ll be successfully matched and send you updates not more than once a week.
  7. At the time scheduled time you’re welcome to join the first mastermind session where you’ll meet your group and we’ll help you get started with your future meetings.
  8. We’ll let you know how you can get assistance in case you want to improve something.
  9. Money back guarantee. If you didn’t like the experience or your group, you can apply for a new round of matching or receive your money back. Simple as that!

    Join us now!

 

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